PARSIPPANY JOINS THE WEED MONEY ERA: COUNCIL BACKS TWO DISPENSARIES, SLAPS A HARD CAP ON THE MARKET

Fresh Dispensary and Troy Hills Club clear a key hurdle as Township chases jobs, tax revenue, and “responsible” cannabis

By The Garden State Gazette Staff

PARSIPPANY-TROY HILLS, NJ – The weed economy is officially knocking on Parsippany’s front door—and Township Hall just held it open.

In a unanimous vote, the Parsippany-Troy Hills Township Council threw its support behind two cannabis dispensary applications—one on Route 46 East, the other on Route 10 West—signaling that the town is ready to cash in on New Jersey’s legal cannabis boom, but on its own tightly controlled terms.

The endorsements go to:

• Fresh Dispensary Parsippany, LLC
• Troy Hills Club, LLC

Both are seeking Class 5 Recreational Cannabis Retailer licenses from the New Jersey Cannabis Regulatory Commission (CRC). The council’s vote doesn’t hand them licenses—but it does give them what every cannabis operator needs first: local political cover.

The Two Shops That Could Change Parsippany’s Map

The proposals aren’t hypothetical PowerPoints—they’re tied to very real, very visible pieces of Parsippany’s commercial spine.

1. Fresh Dispensary Parsippany

• Planned address: 3159 Route 46 East
• Same site as: A2B Indian Veg Restaurant, Fuddruckers, Days Inn

This route is already a high-traffic corridor for commuters, hotel guests, and diners. If approved, Fresh Dispensary would plug directly into that stream—capturing out-of-towners and locals before they even hit the next exit.

2. Troy Hills Club

• Planned address: 2888 Route 10 West, Pelican Plaza
• Plaza tenants include: Dollar Tree, Planet Fitness, Mt. Tabor Vapor, Cinnamon Indian Restaurant, Bruno’s Italian Bistro

Pelican Plaza is already a destination stop—cheap goods, gym traffic, and a vape shop in the mix. Adding a dispensary there would effectively make Route 10 West one of Parsippany’s new “green” gateways.

How Parsippany Got Here: From Ballot Box to Weed Shops

None of this happens in a vacuum.

• 2020: New Jersey voters approve adult-use cannabis statewide.
• 2021: Trenton turns that vote into law with P.L. 2021, c.16, setting up the regulatory framework and the CRC.
• Late 2024: Seeing the green rush coming, Parsippany passes Ordinance 2024:21, creating a Cannabis Advisory Committee to sift through would-be operators before they ever reach the council dais.

That committee reviewed the Fresh Dispensary and Troy Hills Club proposals and recommended both—saying they met or exceeded the township’s standards on zoning, compliance, and overall suitability.

The council then followed that recommendation and voted unanimously to back the two applications.

Follow the Money: Jobs, Taxes, and “Responsible” Cannabis

Town officials were explicit: this isn’t about making Parsippany a cannabis free-for-all. It’s about controlled economic opportunity.

According to the resolutions and township statements, both applications:

• Comply with Parsippany’s zoning and regulatory expectations
• Are projected to bring new jobs to the township
• Are expected to generate local revenue through taxes and fees
• Fit into a strategy to treat cannabis as a legitimate, regulated business sector, not a political hot potato

Put bluntly: Parsippany doesn’t want residents driving to other towns to spend weed money. It wants that money spent—and taxed—inside its own borders.

Not a Free-For-All: Parsippany’s Cap of Three

Here’s the part the casual reader might miss but every investor and operator is circling in red ink:

Parsippany has capped the number of licensed cannabis businesses in town at just three.

That means:

• With two applications now endorsed, the township is effectively reserving just one more future slot for any other cannabis business.
• These early endorsements are more than routine paperwork—they’re moves in a limited-seat game.

In other words, if the CRC ultimately signs off, Fresh Dispensary and Troy Hills Club could become two-thirds of Parsippany’s entire legal cannabis footprint.

Who’s Really Behind These Weed Plays?

GSG always follows the ownership trail. On paper, here’s who’s trying to plant their flag in Parsippany’s cannabis market:

Troy Hills Club, LLC

• Registered / main address: 445 Morris Avenue, Boonton, NJ 07005
• Members:
  • Shoaib Iqbal – Member/Manager (Boonton, NJ)
  • Luis Manuel Brito – Member/Manager (West New York, NJ)
  • George Tsempidis – Member/Manager (Wayne, NJ)

A North Jersey-centric team, with ties across Morris, Hudson, and Passaic County suburbs.

Fresh Dispensary Parsippany, LLC

• Registered address: 971 US Highway 202N, Suite N, Branchburg, NJ 08876
• Main business address: 15 Worlds Fair Drive, Somerset, NJ 08873
• Members:
  • Wayne Hanson – Member/Manager (Avon, Colorado)
  • Anusha Alagarasan – Member/Manager (Weehawken, NJ)

This lineup mixes New Jersey presence with out-of-state capital—a familiar pattern in the cannabis industry, where local addresses and broader investor networks often collide.

What the Council Actually Did—and What Comes Next

Here’s the fine print that matters:

• The council did not issue cannabis licenses.
• The council did pass resolutions endorsing both applications and expressing municipal support as they go before the New Jersey Cannabis Regulatory Commission.
• Final approval still depends on:
  • CRC review
  • Issuance of all necessary local permits
  • Compliance with ongoing township and state regulations

If those dominoes fall, Parsippany could soon see its first-ever legal cannabis dispensaries open their doors—turning two ordinary commercial strips into test cases for how this town handles the weed economy.

The GSG Take: A Controlled Green Light

What happened here is bigger than a routine council vote.

Parsippany just:

• Welcomed legal cannabis into its economic strategy
• Limited how big that market can get (three licenses total)
• Blessed two early movers who now sit inches from the finish line

For residents, the real story won’t be in the resolutions or ordinances—it’ll be in what Routes 46 and 10 look like a year from now:

New jobs, new signs, new traffic—and for the first time, legal cannabis as part of Parsippany’s everyday commercial life.